02/25/10 We're down to the wire again on this short sale. On Feb 1 I wrote that we now had approval from the 2nd lender, Bank of America, and re-approval from the first lender, Select Portfolio Services (SPS) and with that, the all-cash Buyer would initiate his inspections and other due diligence
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02/25/2010
A front page article in this morning's San Francisco Chronicle is titled "Mortgage rates to climb as aid ends." The author, Carolyn Said, wrote that "The Federal Reserve is poised to turn off a major money spigot that has helped sustain the ailing real estate sector, as an extraordinary program u
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02/15/2010
The front page of Marin Independent Journal Sunday paper features a family in San Rafael that I had helped to purchase their home for 30% less than what the original owner paid in 2005 when it was built. This story puts a personal face to the statistics that were the impetus for the article -- Ma
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02/08/2010
We cleared another hurdle in this short sale today. Select Portfolio Services, who had approved it back in November had put it on hold while we waited for an approval from Bank of America, who holds a 2nd position note on the property. That came through on January 19 (after having been submitted
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02/01/2010
